New Member, Perrii from Toronto, Canada.

[Perrii Muthuraman]

Hello Every one

My name is Perrii, from Toronto. I was working for different banks for 35 years. Self employed for the last 5 years. Learnt and started investing in real estate for the last few years. Now I am a Passive Realtor and an Active Investor. All my real estate investments are in the hot market of Greater Toronto. Myself and my wife (passive investor) own a primary residence, a detached home, a semi detached home, 2 condos and one retail unit. We acquired 4 properties in the last 3 years. My strategy is just"Buy and Hold" aiming cash flow and capital appreciation.  That's all about me.   Bigger Pockets seems to be a greater community providing lot of free knowledge, good networking and support. I am happy that I am now part of this great community. If any one needs any help in Greater Toronto, please feel free contact me.

[Ming Lim]

@Hai Loc - As a Toronto investor, I can tell you that you can certainly cash flow in Toronto. But if you're expecting to just buy and rent, no that does not exist. You need to change the use, renovate, densify, etc. Many of us here are using a BRRR strategy to great success. The renovations are typically major renos with budgets in the $200-$300k range, so they're not for the faint of heart or an unsophisticated investor. Refinancing is complicated as well and you need to be dealing with brokers who can get you pre-construction assessments and guaranteed ARV on your renos. But once it's complete, you have a cash flowing property in Toronto.